The Aaron Rodgers trade is on track to become official on Wednesday.
Rodgers is on his way to the Jets along with the Packers’ first and fifth-round picks this year in exchange for New York’s 2023 first-rounder, a 2023 second-rounder and sixth-rounder and a conditional second-round pick that is likely to be in the first round in 2024.
NFL Network’s Tom Pelissero has some additional financial details on Rodgers’ revised contract with the Packers and the blockbuster trade, which can be filed after 4 p.m. ET today.
“The restructure pushed all but the minimum salary and a small workout bonus into 2024, so New York will need to rework it again,” Pelissero wrote. “Green Bay will carry a roughly $40 million dead cap hit in 2023 and Rodgers will be off the books in 2024.
“By reworking the deal this way, Green Bay saves $14.575M in 2023 cap space instead of getting a credit in 2024. For at least the next couple days, Rodgers is due $1.215 million in 2023 and $107.6 million in 2024. This will obviously change.”
By reworking the deal this way, Green Bay saves $14.575M in 2023 cap space instead of getting a credit in 2024.
For at least the next couple days, Rodgers is due $1.215 million in 2023 and $107.6 million in 2024. This will obviously change.
— Tom Pelissero (@TomPelissero) April 26, 2023
New York general manager Joe Douglas called the move for Rodgers a “historic” one for the franchise.
The Jets will introduce the four-time MVP to the media at 2 p.m. ET today.